Complex Changes

Edit Answers
12345678910111213141516171819202122232425
Across
  1. 4. Reinstatement of a term policy is allowed up to 5 years from lapse date if the policy was issued prior to ______
  2. 7. 'Buying in Bulk'; the higher the death benefit, the lower cost per $1,000 of coverage
  3. 11. Maximum Indebtedness quotes MUST always be saved to _______ as a PDF
  4. 12. The type of loan interest that requires full loan interest to be paid
  5. 14. If an Insured is ___ _____ or older, a premium class code change is not allowed
  6. 15. If a ____ ____ policy is a 1958 or 1980 CSO it cannot be decreased
  7. 16. A policy that was ________ by Policy Owner request cannot be reinstated
  8. 17. The cash value and dividends are used to purchase a _____ _____ ____ policy
  9. 18. The form required for a premium class code change request is the Supplemental Application for ________ Changes
  10. 19. If the dividend option is _________, dividends are not applied to reduce the loan interest due as they are already loaned against
  11. 20. A Reinstatement Application is acceptable if it is dated within ___ _____ of receipt in the home office
  12. 21. Policy Owner's residing in these states must complete a state specific Supplemental Application for Underwritten Changes
  13. 22. The only disbursement allowed on an Extended Term Insurance policy
  14. 23. The cash value on an Extended Term Insurance policy _____ over time
  15. 24. The form required for a decrease request is the Supplemental Application for ________ Changes
  16. 25. Reinstatement Applications cannot be signed using ________
Down
  1. 1. All benefits and riders are _______ when a policy changes to Reduced Paid Up/Extended Term Insurance
  2. 2. A request to change to Reduced Paid Up Insurance is acceptable if it is dated within ___ _____ of receipt in the home office
  3. 3. Number of notices sent to the Policy Owner advising of a Maximum Indebtedness situation
  4. 5. Policies issued prior to this date have a Reduced Paid Up minimum of $100.00
  5. 6. A policy manually changed to Reduced Paid Up or Extended Term Insurance cannot be ________
  6. 8. Reduced Paid Up and Extended Term Insurance are considered ___________ _______
  7. 9. A policy with a non-forfeiture option of Reduced Paid Up Insurance can be _____ against
  8. 10. A type of policy that does not allow a premium class code change
  9. 13. The outstanding loan balance exceeds the outstanding loan value